Economics viewpoint + France | The Guardianhttp://www.theguardian.com/business/series/economicsmonday+world/france
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Scrap the G7 and its summit – it is hopeless, divided and outdated | Larry Elliotthttp://www.theguardian.com/business/2015/jun/07/scrap-g7-summit-hopeless-divided-outdated
<p>The G7 has for a long time lacked the unanimity and leadership to tackle its many problems, particularly cutting carbon emissions and Greece’s unpayable debts<br></p><p><br />Angela Merkel and her guests will pose for the group photo and say all the right things at their press conferences. The richest nations in the world, they will say, have never been closer, never more united in their commitment to solving the pressing problems of today. Yes, it’s that time of year again: the annual G7 summit.</p><p>The get-togethers started after the first oil shock in the 1970s but have long since ceased to matter. The G7 is a moribund institution and has been for the past decade. As an instrument of the internationalism it was set up to pursue, it is hopeless. It should be scrapped.</p><p> <span>Related: </span><a href="http://www.theguardian.com/business/2015/jun/07/troika-build-greece-up-not-blow-apart-ceasefire">The troika is supposed to build Greece up, not blow it apart. Time for a ceasefire</a> </p> <a href="http://www.theguardian.com/business/2015/jun/07/scrap-g7-summit-hopeless-divided-outdated">Continue reading...</a>EconomicsGreeceAngela MerkelBarack ObamaEurozoneEurozone crisisBankingEuropeEuropean UnionEuropean banksFinancial crisisFinancial sectorWorld newsBusinessEuroEuropean Central BankFifaDavid CameronFrançois HollandeGermanyFranceInternational Monetary Fund (IMF)PoliticsUS newsClimate changeEnvironmentEuropean monetary unionG7Sun, 07 Jun 2015 12:18:26 GMThttp://www.theguardian.com/business/2015/jun/07/scrap-g7-summit-hopeless-divided-outdatedPhotograph: Daniel Karmann/AFP/Getty ImagesFantasy in Bavaria: G7 leaders pose for a photo opportunity before their meeting opens at Elmau Castle.Photograph: Daniel Karmann/AFP/Getty ImagesFantasy in Bavaria: G7 leaders pose for a photo opportunity before their meeting opens at Elmau Castle.Larry Elliott2015-06-07T12:18:26ZEconomies of Britain and France have more similarities than differenceshttp://www.theguardian.com/business/2014/jan/05/british-and-french-economies-same-problem
Despite politicians' rhetoric, the fight to survive in the global economy is a shared experience for the two historic rivals<p>As British crowing about last year's return to growth increasingly irks the struggling administration of Fran&ccedil;ois Hollande, it is worth remembering that London and Paris have more in common than they care to admit.</p><p>While London looks like a vibrant city of skyscraper developments and trendy pop-up nightclubs in contrast to the Napoleonic boulevards of Paris that appear more dishevelled by the month, nevertheless the fight to survive in the global economy is a shared experience for the two historic rivals.</p> <a href="http://www.theguardian.com/business/2014/jan/05/british-and-french-economies-same-problem">Continue reading...</a>UK newsFranceWorld newsManufacturing sectorBusinessUnemploymentSocietyEconomic growth (GDP)Economic policyEconomicsEconomic recoveryPoliticsFrançois HollandeDavid CameronBank of EnglandBNP ParibasTurkeySun, 05 Jan 2014 20:27:29 GMThttp://www.theguardian.com/business/2014/jan/05/british-and-french-economies-same-problemSebastien Bozon/AFP/Getty ImagesEmployees work on the production line at the Peugeot Citroen factory in Mulhouse, France. Photograph: Sebastien Bozon/AFP/Getty ImagesSebastien Bozon/AFP/Getty ImagesEmployees work on the production line at the Peugeot Citroen factory in Mulhouse, France. Photograph: Sebastien Bozon/AFP/Getty ImagesPhillip Inman2014-01-05T20:27:29ZMonetarists claim way to boost growth is to abolish labour lawshttp://www.theguardian.com/business/2012/may/13/economic-growth-abolish-labour-laws
George Osborne is among politicians in Europe who want supply-side reforms; cuts in wages and working conditions<p>You've got to hand it to the Chicago school of monetarists. From what seemed like almost certain defeat 30 years ago, they are back in business.</p><p>In the 1980s, there was the failure of Geoffrey Howe's first two budgets, only rescued by a jumble sale of under-invested state assets and ultra-low commodity prices. In the 1990s, they championed faster and purer markets, unencumbered by regulation. They claimed every area of economic life could be virtually self-regulating, especially exotic financial products.</p> <a href="http://www.theguardian.com/business/2012/may/13/economic-growth-abolish-labour-laws">Continue reading...</a>EconomicsEconomic growth (GDP)BusinessEconomic policyPoliticsEurozone crisisFinancial crisisFranceEuropeGermanySun, 13 May 2012 18:54:02 GMThttp://www.theguardian.com/business/2012/may/13/economic-growth-abolish-labour-lawsKerim Okten/EPAGerman foreign minister Guido Westerwelle believes Europe cannot compete gllobally without pinching living standards of workers Photograph: Kerim Okten/EPADominic Lipinski/PAThe chancellor, George Osborne, has yet to detail his public spending cuts but 1,700 jobs in defence and social housing have already been lost. Photograph: Dominic Lipinski/PAPhillip Inman economics correspondent2012-05-13T18:54:02ZGermany is finally getting the eurozone it wantshttp://www.theguardian.com/business/economics-blog/2011/dec/05/germany-eurozone-angela-merkel-nicolas-sarkozy
The summit between Angela Merkel and Nicolas Sarkozy may have been billed as a clash of the titans – but in the end Merkel spelt out her terms and Sarkozy agreed to most of them<p>It's taken Germany two decades but finally the euro is being constructed along lines that pass muster in the ministries of Berlin, the corridors of the Bundesbank and, crucially, among the German people.</p><p><a href="http://www.guardian.co.uk/business/2011/dec/05/germany-france-euro-merkel-sarkozy" title="">The summit between Angela Merkel and Nicolas Sarkozy</a> was billed as a clash of the titans but proved no such thing: Merkel spelt out her terms and Sarkozy agreed to most of them.</p> <a href="http://www.theguardian.com/business/economics-blog/2011/dec/05/germany-eurozone-angela-merkel-nicolas-sarkozy">Continue reading...</a>Eurozone crisisBusinessEuroEuroEuropean UnionEconomicsWorld newsEuropeGermanyFranceMon, 05 Dec 2011 19:06:47 GMThttp://www.theguardian.com/business/economics-blog/2011/dec/05/germany-eurozone-angela-merkel-nicolas-sarkozyFacundo Arrizabalaga/EPAThe French president, Nicolas Sarkozy, and the German chancellor, Angela Merkel. Photograph: Facundo Arrizabalaga/EPAFacundo Arrizabalaga/EPAThe French president, Nicolas Sarkozy, and the German chancellor, Angela Merkel. Photograph: Facundo Arrizabalaga/EPALarry Elliott, economics editor2011-12-05T19:06:47ZLarry Elliott: Equality and full employment can co-existhttp://www.theguardian.com/business/2007/jun/25/europeanunion.france
The future of Europe may lie in jettisoning the market liberalisation orthodoxy<p>Nicolas Sarkozy: an apology. &quot;Last month we may have given the impression that Nicolas Sarkozy would herald a new free-market dawn for France. An article headlined 'Sarko, son of Thatch' suggested that Mr Sarkozy was fully signed up to the Anglo-Saxon economic agenda and would sweep away Gallic protectionism.</p><p>&quot;We now realise that such assertions were without foundation. Mr Sarkozy, by his insistence on removing the words 'free and undistorted competition' from the EU constitution, has proved that France will remain a bastion of restrictive practices. We apologise for any confusion caused.&quot;</p> <a href="http://www.theguardian.com/business/2007/jun/25/europeanunion.france">Continue reading...</a>BusinessEuropean UnionFranceEconomicsWorld newsEuropeMon, 25 Jun 2007 11:23:59 GMThttp://www.theguardian.com/business/2007/jun/25/europeanunion.franceLarry Elliott, economics editor2007-06-25T11:23:59ZLes misérables: France's unhappy positionhttp://www.theguardian.com/business/2007/may/07/france
The new president will have to deal with the effects of years of rigidity<p>When the dust settles on the S&eacute;go v Sarko presidential election campaign, the harsh reality of the economic challenges that face the victor will still be there like a hangover after a party.</p><p>France's poor labour market performance is well known and has been a problem for decades. But until recently the economy was propped up by low interest rates and robust consumer spending.</p> <a href="http://www.theguardian.com/business/2007/may/07/france">Continue reading...</a>BusinessFranceWorld newsEuropeSun, 06 May 2007 23:19:44 GMThttp://www.theguardian.com/business/2007/may/07/franceAshley Seager2007-05-06T23:19:44ZBlair leads call for France to cut back farm subsidieshttp://www.theguardian.com/world/2006/jul/17/g8.politics
<b>&#183; </b>Stalled global trade talks enter make-or-break time<br><b>&#183; </b>G8 leaders could rally in response to Middle East<p>With the G8 due to hold discussions with five leading developing countries in St Petersburg today, Downing Street sources said the prime minister was &quot;singing from the same song sheet&quot; as the German chancellor, Angela Merkel, the Italian prime minister, Romano Prodi, and the EU commissioner, Jose Barroso.</p><p>Last night, however, Jacques Chirac was still resisting attempts to use today's talks to agree a series of mutual concessions by the EU, the US and G20 group of developing countries that would prevent the Doha round of talks from collapsing.</p> <a href="http://www.theguardian.com/world/2006/jul/17/g8.politics">Continue reading...</a>World newsG8PoliticsEuropean UnionWTOFranceLabourForeign policyUK newsEuropeSun, 16 Jul 2006 23:13:47 GMThttp://www.theguardian.com/world/2006/jul/17/g8.politicsLarry Elliott in St Petersburg2006-07-16T23:13:47ZThe French go marching into the pasthttp://www.theguardian.com/business/2006/apr/10/france.internationalnews
Instead of feeling smug about France, UK must learn from US and Scandinavia<p>Quite why, you might wonder, is a country with wonderful infrastructure, beautiful towns and countryside, world-class companies and highly productive workers tearing itself apart again?</p><p>Over the past couple of weeks, we've seen millions of French people - students, trade unionists and pretty much any other group you care to mention - protesting on the streets against a small change in labour laws.</p> <a href="http://www.theguardian.com/business/2006/apr/10/france.internationalnews">Continue reading...</a>BusinessFranceWorld newsEuropeMon, 10 Apr 2006 10:19:30 GMThttp://www.theguardian.com/business/2006/apr/10/france.internationalnewsAshley Seager, economics correspondent2006-04-10T10:19:30Z